Company registration number 12415949 (England and Wales)
CB Business Recovery Ltd
Unaudited
financial statements
for the period ended 30 September 2023
PAGES FOR FILING WITH REGISTRAR
CB Business Recovery Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
CB Business Recovery Ltd
Statement of financial position
as at 30 September 2023
- 1 -
30 September 2023
31 August 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
57,192
-
0
Current assets
Debtors
27,583
14,256
Cash at bank and in hand
48,944
18,570
76,527
32,826
Creditors: amounts falling due within one year
(85,275)
(32,316)
Net current (liabilities)/assets
(8,748)
510
Total assets less current liabilities
48,444
510
Creditors: amounts falling due after more than one year
(19,087)
-
0
Net assets
29,357
510
Capital and reserves
Called up share capital
4
120
120
Profit and loss reserves
29,237
390
Total equity
29,357
510
CB Business Recovery Ltd
Statement of financial position (continued)
as at 30 September 2023
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial period ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 19 February 2024
C Brooksbank
Director
Company registration number 12415949 (England and Wales)
CB Business Recovery Ltd
Notes to the financial statements
for the period ended 30 September 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Turnover is recognised upon the provision of services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

CB Business Recovery Ltd
Notes to the financial statements (continued)
for the period ended 30 September 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
2022
Number
Number
Total
4
3
3
Tangible fixed assets
Motor vehicles
£
Cost
At 1 September 2022
-
0
Additions
68,630
At 30 September 2023
68,630
Depreciation and impairment
At 1 September 2022
-
0
Depreciation charged in the period
11,438
At 30 September 2023
11,438
Carrying amount
At 30 September 2023
57,192
At 31 August 2022
-
0
4
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
100
100
100
100
B Ordinary shares of £1 each
10
10
10
10
C Ordinary shares of £1 each
10
10
10
10
120
120
120
120
5
Company information

CB Business Recovery Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Ground Floor Offices, Riverside Mill, Saddleworth Road, Elland, West Yorkshire, HX5 0RY.

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